Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

Account Closed
  • Cashier
  • Panama City, FL
6
Votes |
14
Posts

Would college loan debt hurt me when asking for a HM loan?

Account Closed
  • Cashier
  • Panama City, FL
Posted

I'm beginning to sink back into depression that I live with off and on, and ever since I left school it's been more frequent. I've called in sick 4 times over my 6 month probation period which isn't good. I think it would be better for me to go to college even if I have to go into debt to give me more structure in my life, have friends again and study something I'd enjoy. Since I began learning about investing, accumulating debt doesn't sound so scary because you're working with big numbers all the time, both in profit and in loans.

But my questions is, if I went into debt, would that hurt my chances of getting a hard money loan? I do plan to save while I'm in college, but I don't want to kill my credit score.

Most Popular Reply

Account Closed
  • Miami, FL
26
Votes |
161
Posts
Account Closed
  • Miami, FL
Replied

Only thing I look for in my loans is no open bankruptcy and no foreclosures. Credit doesn't matter. If you have a 300 that's a diffrent story. Income and debt is irrelavent as well. It's an asset based loan so as long as you have down payment your all good. 

Loading replies...